Cerity Partners LLC Grows Stake in AMREP Corporation (NYSE:AXR)

Cerity Partners LLC increased its position in shares of AMREP Corporation (NYSE:AXR) by 8.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 171,124 shares of the business services provider’s stock after purchasing an additional 12,767 shares during the quarter. Cerity Partners LLC owned 3.24% of AMREP worth $3,431,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC acquired a new position in shares of AMREP during the 4th quarter worth $76,000. Lazard Asset Management LLC purchased a new position in AMREP during the 4th quarter valued at about $137,000. Jane Street Group LLC purchased a new position in AMREP during the 4th quarter valued at about $230,000. JPMorgan Chase & Co. raised its position in AMREP by 293.9% during the fourth quarter. JPMorgan Chase & Co. now owns 7,390 shares of the business services provider’s stock worth $232,000 after acquiring an additional 5,514 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of AMREP in the fourth quarter valued at about $261,000. 59.85% of the stock is currently owned by hedge funds and other institutional investors.

AMREP Stock Down 2.5%

NYSE AXR opened at $21.51 on Friday. AMREP Corporation has a fifty-two week low of $17.60 and a fifty-two week high of $39.68. The business has a fifty day moving average of $21.87 and a 200-day moving average of $24.08. The stock has a market cap of $113.79 million, a price-to-earnings ratio of 8.93 and a beta of 1.08.

AMREP Company Profile

AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding. It sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. In addition, the company owns mineral interests covering an area of approximately 55,000 surface acres of land in Sandoval County, New Mexico; and owns oil, gas, and minerals and mineral interests covering an area of approximately 147 surface acres of land in Brighton, Colorado.